Enel Chile S.A. (NYSE:ENIC) Short Interest Down 16.0% in March

Enel Chile S.A. (NYSE:ENIC - Get Free Report) saw a significant drop in short interest in March. As of March 31st, there was short interest totalling 1,050,000 shares, a drop of 16.0% from the March 15th total of 1,250,000 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily trading volume, of 680,300 shares, the short-interest ratio is presently 1.5 days.

Hedge Funds Weigh In On Enel Chile

Large investors have recently bought and sold shares of the stock. Stifel Financial Corp grew its position in Enel Chile by 644.7% during the third quarter. Stifel Financial Corp now owns 208,509 shares of the utilities provider's stock worth $582,000 after buying an additional 180,509 shares in the last quarter. State Street Corp raised its stake in shares of Enel Chile by 0.6% in the 3rd quarter. State Street Corp now owns 2,933,466 shares of the utilities provider's stock valued at $8,184,000 after buying an additional 18,334 shares in the last quarter. Truist Financial Corp bought a new position in Enel Chile during the fourth quarter worth about $38,000. O Shaughnessy Asset Management LLC lifted its position in shares of Enel Chile by 36.6% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 14,270 shares of the utilities provider's stock worth $41,000 after buying an additional 3,827 shares during the period. Finally, Caprock Group LLC acquired a new position in Enel Chile during the fourth quarter worth $32,000. 3.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Enel Chile from a "buy" rating to a "hold" rating in a research note on Monday, March 3rd.

Enel Chile Trading Down 0.7 %

NYSE:ENIC traded down $0.03 during mid-day trading on Friday, hitting $3.42. 45,800 shares of the company's stock traded hands, compared to its average volume of 498,112. The firm has a 50 day moving average of $3.30 and a two-hundred day moving average of $3.02. The firm has a market capitalization of $4.72 billion, a price-to-earnings ratio of 5.60 and a beta of 0.99. Enel Chile has a 12 month low of $2.51 and a 12 month high of $3.50.

Enel Chile Company Profile

Enel Chile SA, an electricity utility company, engages in the generation, transmission, and distribution of electricity in Chile. The company operates through Generation, and Distribution and Networks Segments. It generates electricity through various sources, such as hydroelectric, thermal, wind, solar, and geothermal power plants.